Olmos Park Village

February 28, 2017 Comments Off on Local Community Shopping Center Trades Hands Views: 236 San Antonio, Texas News

Local Community Shopping Center Trades Hands

GrayStreet Partners sold the Olmos Park Village shopping center at 4223 McCullough Ave., on San Antonio’s near North Side. The buyer was Olmos Park Village Shopping Center LP, which is being led by Austin, TX-based Ironwood Real Estate. GrayStreet acquired the center, which was built in the 1960s, in 2013.

The purchase price was undisclosed, but the new owners secured a $2.8 million loan to acquire the 20,619-square-foot asset. The Bexar Central Appraisal District appraised the property at $3.1 million. Tenants include W.B. Liquors and Wine, The Popcorn Palace, and Tuesday Morning. The retail center was 100% occupied at the time of sale.

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